Strength of cyl owning both Henty and plutonic is that cyl has enough organic growth opportunities at both mines, which are both in tier 1 jurisdictions, to grow gold production to 500,000oz/yr without the risk of dilutive acquisitions that potentially waste billions of shareholder funds like pasqua lama. About a decade ago many mining outfits overpaid for acquisitions. No way Henty should be sold. What Henty needs is a very large exploration budget to firm up reserves and then an even larger capex investment in fleet like some leased epiroc mobile miners to work those deep inhospitable stopes so as to safely fill mill and produce 150,000 oz gold per yr. With gold price right here, even after paying four 3 cent quarterly dividends costing about $28mm annually in 2025, cyl will have plenty of free cash flow to fund Henty and plutonic capex. To my knowledge Henty got only gold processing infrastructure on tazmania so Henty mills very valuable from this perspective too
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